Today, let's dive into the world of Zonal Trading using an Expert Advisor (EA) that leverages the AO (Awesome Oscillator) and AC (Accelerator Oscillator) indicators, both introduced by the legendary Bill Williams.
This EA operates on a straightforward principle: it buys when both the AO and AC indicators are green, signaling bullish momentum, and it sells when they turn red, indicating a bearish trend. The exit from the market happens as soon as any of these indicators change color, allowing for a responsive trading approach.
Operation algorithm
For the best results, I recommend using this EA on the H4 timeframe. It offers a balanced perspective, allowing for adequate trade setups without the noise present in lower timeframes.
Input Parameters:
- Number of Lots: This sets the number of lots for each order.
- Order's Comment: A field for your notes regarding the order.
- Magic Number: The unique identifier for your EA’s trades.
One of the great features of this EA is its simplicity. You won’t need to fiddle with complicated settings! Plus, it can automatically calculate lot sizes based on your account balance, making it easier to manage your risk without the hassle.
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